A mere $3 billion profit
Microsoft reported revenue of $13.65 billion for the quarter ending 31 March, this represented a six percent decline on the same quarter a year ago, which was the first time this has happened to Microsoft as a public company.
Net income declined by 32 percent year on year as the slump in PC sales kicked in, but Microsoft still profited to the tune of nearly three billion dollars, so let's not feel too sorry for it.
"While market conditions remained weak during the quarter, I was pleased with the organization's ability to offset revenue pressures with the swift implementation of cost-savings initiatives," said Chris Liddell, chief financial officer at Microsoft. "We expect the weakness to continue through at least the next quarter."
There were no more lay-offs announced and the results seem to have been in line with analyst expectations. Microsoft's shares were up around three percent in pre-market trading at time of writing.